It is mandatory in almost all states in the US that drivers must have some type of basic auto collision insurance coverage. There are thousands of insurance providers that provide various types of coverage depending on the vehicle that is owned by you, the purpose you are using it for, and the type of coverage that you expect in the event of an accident. There are many factors that will be taken into consideration and the costs might vary from one insurance provider to another. Age, the driving records, the location where the vehicle will be used, etc will all play a role in total cost of coverage.
The liability coverage is a very basic coverage and this will allow you to legally drive your car and it will cover some basic damages in the event of an accident.
In auto collision insurance, the damages to your automobile that is caused due to collision with another vehicle or object is covered. Whereas comprehensive cover will include damage to the vehicle due to acts of violence, vandalism, hitting an animal, damage due to storms, breakage, theft etc.
There are some insurance companies that will not sell comprehensive coverage without a collision cover. These companies might even want you to keep the deductible the same for both the comprehensive as well as the collision coverage. Firstly, you must determine if both these coverage are worth buying. You must evaluate your vehicle against the deductible amount as well as the premium that you will need to pay for both the coverage. For instance an old vehicle which does not have much of a value will not be insured for comprehensive and collision coverage. However, it is advisable to have a collision and comprehensive coverage for a new vehicle.
A deductible is a one-time payment which is decided upon while purchasing the policy. Here the policy holder agrees to pay this deductible and generally it is better to pay a higher deductible as this will help reduce the premium that one has to pay.
Auto collision insurance is very beneficial and this is the only recourse one would have in the event of an accident. In case the driver hits someone or something, the cost of fixing the vehicle and medical costs could be very high and without insurance things could become very difficult.
It is better to shop online and take different quotes and choose a policy that would suit your needs.
